Tag: Break

Bitcoin price climbed higher towards the $4,040 level before correcting lower against the US Dollar. The price declined below $4,000 and tested the key $3,940 support area. Recently, there was a break above a connecting bearish trend line with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently moving lower, but it remains well supported near $3,940 and $3,920. Bitcoin price corrected gains recently below $4,000 against the US Dollar. BTC could bounce back as long as it is trading…

Bitcoin price is trading nicely above the $3,825 and $3,800 support levels against the US Dollar. The price is likely positioning for an upside break above the $3,880 and $3,900 resistance levels. Yesterday’s highlighted important bearish trend line is in place with resistance at $3,860 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could surge higher once it clears the $3,860 resistance and the 100 hourly SMA. Bitcoin price is setting up for the next key break against the US Dollar. BTC could either…

Bitcoin price is currently consolidating above the $3,820 and $3,840 supports against the US Dollar. The price placed in a positive zone, with a bullish angle towards the $4,000 resistance. There is a symmetrical triangle pattern formed with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair will most likely break the $3,880 and $3,900 resistance levels to climb above or challenge $4,000. Bitcoin price is forming a bullish breakout pattern above the $3,800 support against the US Dollar. BTC could surge…

Ripple price tested the $0.3400 resistance area on a few occasions against the US dollar. The price failed to break the $0.3380-0.3400 resistance and declined below $0.3200. There is a crucial contracting triangle formed with resistance at $0.3140 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could dip to test the $0.3050 support area before it could break to the upside above $0.3150. Ripple price seems to be preparing for the next bullish break against the US Dollar and bitcoin. XRP/USD could rally once…

Bitcoin price extended gains and broke the $3,950 and $4,000 resistance levels against the US Dollar. The price traded to a new 2019 high above $4,100 and it could continue to rise in the near term. There was a break above a major triangle pattern with resistance near $3,950 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair traded above the $4,150 resistance and it could accelerate towards $4,250 and $4,400. Bitcoin price climbed higher sharply above the $4,000 barrier against the US Dollar. BTC/USD…

The cryptomarket remains coiled as we lead into the weekend with no new highs and no new lows being established for bitcoin. However, it is nicely consolidating on lower time frames and hints toward the possibility of another leg up: Figure 1: BTC-USD, Hourly Candles, Consolidating Pennant The pattern shown in Figure 1 outlines a potential continuation pattern called a “bullish pennant.” It’s characterized by consolidating volume and consolidating price that yields lower highs and higher lows and has general upper/lower trendlines. This particular pennant is quite sizable as it…

Bitcoin price spiked towards the $4,000 resistance, but failed once again versus the US Dollar. The price traded lower and broke the $3,950 and $3,940 support levels. There was a break below a connecting bullish trend line with support at $3,925 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported above $3,860 and the 100 hourly simple moving average. Bitcoin price is still facing a strong resistance near the $4,000 zone against the US Dollar. BTC bears and bulls locked horns as…

Bitcoin is over $3900 globally, though many exchanges still have it trading closer to $3850. Ethereum’s broken beyond $140, might take $150 before the day is through. Bitcoin Cash is right behind it. It’s green everywhere you look. Even Bitcoin SV is on the rebound, resting at $68 after $155 million in trades. Of the top 100 cryptocurrencies, only 4 were showing a negative 24-hour change. One was Paxos Standard. We should expect a high amount of conversions to be going on with stablecoins today, a lot of turbulence in…

Bitcoin price dived with bearish moves and retested the key $3,540 support area against the US Dollar. There is a crucial declining channel in place with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break above the channel resistance and $3,600 could spark more upsides in the near term. On the downside, the main supports for buyers are near $3,540 and $3,500. Bitcoin price is consolidating above key supports against the US Dollar. BTC buyers are eyeing the next bullish break above…

Bitcoin price reject lower lows, stable Exchanges in South Korea band together to protect investors and prevent illegalities Transaction volumes low, prices trading in tight ranges Despite yesterday’s declines, BTC is technically bullish. From candlestick arrangements, it is likely that in days ahead, buyers will flock in driving prices back above the $3,800 level triggering bulls. Demands as such will lift investors and confirm our BTC/USD trading assertions. Bitcoin Price Analysis Fundamentals South Korea, like Japan, embraces new technology. Blockchain is pivotal and spin-offs as cryptocurrencies are heavily regulated. At…

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